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Nov 27, 2012
11/12
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cliff. yesterday the white house took a hard line insisting tax rates have to rise on the rich and warning that anymore delay on the deal could ruin consumer confidence and hurt holiday retail sales. nbc's tracie potts joins us from washington with the details. tracie, good morning. >> reporter: good morning, lynn. today we'll see a continued push by the white house. in fact, for the rest of this week, new details released this morning, still pushing for those taxes on the rich. meantime, here on capitol hill we're seeing some small signs of compromise. today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new xhous economic report warns if tax breaks go away, the average middle class family will owe uncle sam another $2200 next year. >> it seems to be the thing we can agree on, that middle class families should see an extension of these tax cuts. >> reporter: some prominent republicans dead set against raising taxes on anyone now hin
cliff. yesterday the white house took a hard line insisting tax rates have to rise on the rich and warning that anymore delay on the deal could ruin consumer confidence and hurt holiday retail sales. nbc's tracie potts joins us from washington with the details. tracie, good morning. >> reporter: good morning, lynn. today we'll see a continued push by the white house. in fact, for the rest of this week, new details released this morning, still pushing for those taxes on the rich. meantime,...
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Nov 27, 2012
11/12
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let's talk about the fiscal cliff negotiations. what negotiations? what's happening behind the scenes? >> first of all, i just heard what mr. mcconnell said. and i just left the president. one of the things that he said to us, he said, don't pack up your bags. in other words, he's determined to get this deal done and get it done before the end of the year. the fact is, the president is very much engaged but he also understands that one of the things he's got to do is get a balanced package done. he's got to have revenue and he's also got to have some very targeted cuts. so -- and he also is trying to get across the point that republicans and democrats agree that those folks making less than $250,000, their tax cuts should be extended. so, again, we've got a situation now where the republicans can stand on the sideline or they can adhere to what the public has said in this election. they want us to get the deal done and move forward. at least we can get done what we already agree on. >> would you agree, auwould you and other house democrats agree in s
let's talk about the fiscal cliff negotiations. what negotiations? what's happening behind the scenes? >> first of all, i just heard what mr. mcconnell said. and i just left the president. one of the things that he said to us, he said, don't pack up your bags. in other words, he's determined to get this deal done and get it done before the end of the year. the fact is, the president is very much engaged but he also understands that one of the things he's got to do is get a balanced...
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Nov 26, 2012
11/12
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the reality is i don't think the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to cut tax de ww wwe -- we don't want t taxes or increase spending in the middle of an economic downturn. you've got do it where you expect it. the whole fiscal cliff conversation is an acknowledgement that the stimulus actually worked. what we're saying is we don't want to cut the deficit too fast. now when it comes to the fiscal deficit -- >> i want to transition you to the other hot topic that we've been following. it's senator john mccain and his stance or lack thereof now against ambassador susan rice. let me play what he said earlier. i believe it was november 14th and his new line of words, i guess, regarding her possible nomination for secretary of state. let me play it back to back. >> we will do whatever's necessary to block the nomination that's within our power as far as susan rice is concerned. >> she could conceivably get your voros for secretary of state
the reality is i don't think the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to cut tax de ww wwe -- we don't want t taxes or increase spending in the middle of an economic downturn. you've got do it where you expect it. the whole fiscal cliff conversation is an acknowledgement that the stimulus actually worked. what we're saying is we don't want to cut the deficit...
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Nov 28, 2012
11/12
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the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were not discounting anything in terms of the fiscal cliff. and that's why every time john boehner says something or the president says something or harry reid says something we get violent movements out of the markets. only in the last couple weeks are they finally starting to pay attention to this. tracy: okay, we don't get a deal, let's play this out. do they punt to next year and we see a bunch of retroactive taxes put in place? will we see entitlement spending cuts? how do you see this in the end? >> there are two con sit whe
the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were...
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Nov 26, 2012
11/12
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president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean n
president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax...
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Nov 25, 2012
11/12
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were there now trying to get the fiscal cliff, they would be sleeping in the white house. mcconnell would be in one room, and boehner and another and l.b.j.s this would be parading around in his robe. if they remain obstructionist, teddy roosevelt is another example. me knew he couldn't get the republican party by being nice and offering things. he needs mobilizing pressure from the outside in. president obama has the base. it's still mobilized and there's got to be a way-- maybe he should take a train trip around the country. get the immigration bill signed because people proper you from the outside in. >> schieffer: evan, what came back to me as i was reading your book is that, that eyes hour i that eyesen hour in his own way was a very good politician, and i don't think he's gotten credit for that. earlier this year, i moderated a seminar on l.b.j., and i asked evan duggan, one of lyndon johnson's young aides at the time, i asked him, "who did l.b.j. admire as a politician? is it and he surprised by everyone saying he thought the best politician he ever knew was dwight
were there now trying to get the fiscal cliff, they would be sleeping in the white house. mcconnell would be in one room, and boehner and another and l.b.j.s this would be parading around in his robe. if they remain obstructionist, teddy roosevelt is another example. me knew he couldn't get the republican party by being nice and offering things. he needs mobilizing pressure from the outside in. president obama has the base. it's still mobilized and there's got to be a way-- maybe he should take...
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Nov 26, 2012
11/12
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pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 28, 2012
11/12
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he is pushing his plans for averting that fiscal cliff. they are pushing congress to renew tax cuts before they expire by the end of this year. what they are saying about the president's campaign style approach to deal with this looming crisis. >>> and 400,000 californians are carefully watching this fiscal drama and that's because emergency benefits are due to expire unless congress agrees to an extension. here they are noticing possible loss of benefits are being mailed out this week. >>> let's check in with tara in for sal castaneda, it could be a sticky commute with the rain. >>> yes, we want to make sure you give yourself enough time today and right now if we take a look outside, this is a look at the east shore freeway as you drive towards the mcarthur maze, and as we look at the bay bridge toll plaza folks are headed to san francisco and they are not experiencing any delays. finally a look at 280 in san jose, traffic is looking good in both directions, here is steve. >>> well, we have a little bit of a lull before the system comes i
he is pushing his plans for averting that fiscal cliff. they are pushing congress to renew tax cuts before they expire by the end of this year. what they are saying about the president's campaign style approach to deal with this looming crisis. >>> and 400,000 californians are carefully watching this fiscal drama and that's because emergency benefits are due to expire unless congress agrees to an extension. here they are noticing possible loss of benefits are being mailed out this...
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cliff to the public c.n.n. reports while senate majority leader harry reid today said he is disappointed with the little progress made in recent debt talks according to see a b c now we know the u.s. public debt is just rocked is where the dollar collapse people like peter schiff have called for warehouse and who does warren buffett think would make a great treasury secretary charlie rose asked. the point to jamie diamond service charge well i think your retirement actually would be i think he'd be terrific because i think he i think. if we did run into problems with markets i think he would actually be the best person you could have in you know. what are we in an alternative alternate universe the london whale commander in chief would be a great person to graduate to the treasury oh my let's get to today's capital account. the directory that the us has been on printing money expanding the fed's balance sheet making money free since the financial crisis how some pundits are predicting hyper inflation but a funn
cliff to the public c.n.n. reports while senate majority leader harry reid today said he is disappointed with the little progress made in recent debt talks according to see a b c now we know the u.s. public debt is just rocked is where the dollar collapse people like peter schiff have called for warehouse and who does warren buffett think would make a great treasury secretary charlie rose asked. the point to jamie diamond service charge well i think your retirement actually would be i think...
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Nov 27, 2012
11/12
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coming up on "cbs this morning," an update on negotiations to avoid the fiscal cliff. plus, a warning about pork chops and ground pork and the harmful bacteria they may harbor. and pastor rick warren on the tenth anniversary of his best-selling book, "the purpose driven book." take care, everybody, have a great day. ,,,, i'm frank mallicoat. and i'm michelle griego. tis 4:-- developing n >> your realtime captioner: linda marie macdonald. >>> good morning. it's tuesday, november 27. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. we're following some developing news this morning. an armed man keeps police in a standoff through the night and you are looking live at the scene right now off treasure island. cbs 5 reporter elissa harrington is in san francisco with more exclusive video of the standoff on treasure island. she joins us now with the very latest. good morning. >> reporter: good morning. well, this standoff started around 11:00 last night so we're going on almost 6 hours. in this video you can see police officers and the suspect holding
coming up on "cbs this morning," an update on negotiations to avoid the fiscal cliff. plus, a warning about pork chops and ground pork and the harmful bacteria they may harbor. and pastor rick warren on the tenth anniversary of his best-selling book, "the purpose driven book." take care, everybody, have a great day. ,,,, i'm frank mallicoat. and i'm michelle griego. tis 4:-- developing n >> your realtime captioner: linda marie macdonald. >>> good morning. it's...
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Nov 26, 2012
11/12
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a dark fiscal cliff. a new government report warning is an increase in texa taxes wod crush the middle-class spending. the dow down 70 points. it seems republicans are changing their tune on taxes. i don't know. lou dobbs with us as more congressional leaders break from the antitax pledge. and two years after the signs in cairo they look the same. mohamed morsi moves for absolute power sparking violent clashes in the streets between his supporters and opponents. but first, it is time to check stocks as would every 15 minutes, let's head to the floor of the new york stock exchange. nicole, the market is down and out on the fiscal cliff. i'm afraid. nicole: there's a lot going on on wall street. selling across the board, down 72-point at the lowest .12900, so about 40 points off of the earlier lows, however we are seeing selling from sector to sector with its banks or drugs or retail. the areas that have been pretty good our technology, semi conductors holding on, utilities giving it a go after selling off
a dark fiscal cliff. a new government report warning is an increase in texa taxes wod crush the middle-class spending. the dow down 70 points. it seems republicans are changing their tune on taxes. i don't know. lou dobbs with us as more congressional leaders break from the antitax pledge. and two years after the signs in cairo they look the same. mohamed morsi moves for absolute power sparking violent clashes in the streets between his supporters and opponents. but first, it is time to check...
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s from firms like caterpillar and goldman sachs about fiscal cliff solutions here's what he said to the public. and i'll go anywhere and i'll do whatever it takes to get this done it's too important for washington to screw this up. but it's washington and really once again the nation's economic fate may be held hostage by negotiations at the highest levels of government where this is patently we'll talk about it plus manufacturing is slowing and businesses are worried about the fiscal cliff that's according to the fed's beige book out today what is the beige book anyway and who cares we'll tell you why it matters and word of the day let's get to today's capital account. when we talk about economic development or prospects on this show we typically talk about debt about private sector innovation we talk about monetary policy probably much of the time we talk about fiscal policy we don't often on this show talk about economic prosperity is primarily a function of political institutions but that's what our next guest thinks is the most crucial maybe we have it all wrong here at least if yo
s from firms like caterpillar and goldman sachs about fiscal cliff solutions here's what he said to the public. and i'll go anywhere and i'll do whatever it takes to get this done it's too important for washington to screw this up. but it's washington and really once again the nation's economic fate may be held hostage by negotiations at the highest levels of government where this is patently we'll talk about it plus manufacturing is slowing and businesses are worried about the fiscal cliff...
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Nov 28, 2012
11/12
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fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart this morning and equities remain nervous. >> the rhetoric, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decad
fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart...
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Nov 22, 2012
11/12
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one is the fiscal cliff. charles, do you get the same feeling that i have, that there is a more collective will to try to avoid falling off this cliff, and to get a deal done perhaps sooner rather than later? >> i absolutely do believe that. i believe that obama has a stronger hand. because if nothing happens, you know, no one wants that to happen. and in fact, the clock is ticking in that direction at this point. so everybody has kind of an incentive to say, let's cut some sort of deal. and i do believe that that deal will eventually incompass both the revenue increases and some sort of structural realignment of some of the entitlement programs. and i think that, i actually believe that the american people put aside what the right and the left want. the american people are actually desperate to see their government be able to work. to do something, to make it happen. to not go into another situation where we have another downgrade. that is exactly the opposite of what we want coming out of this presidential
one is the fiscal cliff. charles, do you get the same feeling that i have, that there is a more collective will to try to avoid falling off this cliff, and to get a deal done perhaps sooner rather than later? >> i absolutely do believe that. i believe that obama has a stronger hand. because if nothing happens, you know, no one wants that to happen. and in fact, the clock is ticking in that direction at this point. so everybody has kind of an incentive to say, let's cut some sort of deal....
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Nov 26, 2012
11/12
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there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that "r" button, refresh. thank you, becky. >> thank you, chuck. >>> one of the tasks of political strength, how do you fare in unfriendly it territory? in today's deep dive we're taking a look at the democratic senators holding seats in some of the reddest presidential spots on the map. take a look at this. in the new congress a dozen democrats will hold seats in states that voted for mitt romney. one in alaska, ed north dakota, south dakota, missouri, arkansas, louisiana, indiana and north carolina. democrats hold both senate seats in west virginia and monta
there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that...
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Nov 23, 2012
11/12
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let's get to fiscal cliff discussion. there are democrats who worry president obama will go too far to try to reach an agreement with republicans and we've seen labor groups out with their tv ads urging all the lawmakers to stand their ground, protect social security and medicare. do you think voters need to worry about this? >> of course. president obama has a bit of swag, shall we call it that, going into this new term. you've been overwhelmingly approved by the american people, now stand for them. represent their interests. use your bully pulpit in a way, in a positive way. president obama has reached across the aisle in such, i think, enthusiastic fashion he especially at the beginning of his first term only to have his hand barked at by and bitten by the republican reaction that was repugnant, sorry for those alliterations but the reality is there was a resistance to his agenda and his desire to reach across the aisle to work in a bipartisan fashion so now be chastened by that memory and defend those who voted for yo
let's get to fiscal cliff discussion. there are democrats who worry president obama will go too far to try to reach an agreement with republicans and we've seen labor groups out with their tv ads urging all the lawmakers to stand their ground, protect social security and medicare. do you think voters need to worry about this? >> of course. president obama has a bit of swag, shall we call it that, going into this new term. you've been overwhelmingly approved by the american people, now...
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Nov 21, 2012
11/12
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the fiscal cliff and jobs are far more important. >> and let's talk about the fiscal cliff and jobs. in your time in california you worked on in the state assembly, a state hit hard by a fiscal y crisis. >> i sure did. >> i want to talk to you about something you said in terms of medicare reform and medicaid. obviously republicans are saying, look, in exchange for any type of taxes going up, we want to see some real entitlement reform. you talk about cracking down on waste, fraud and abuse. is there enough revenue from waste, fraud and abuse and m medicare to get the type of serious deficit reform needed to bring down the $16 trillion debt? >> well, you know, i think anytime you're talking about a deficit, there's two ways to bring it down, and i know you know this well. you're either going to raise revenue or have cuts, and i would continue to argue for a balanced approach which means i do think you can find savings in both programs. but what i'm concerned about is what the real agenda is and the real agenda, in my opinion, is to end medicare. i mean, that was certainly a big item i
the fiscal cliff and jobs are far more important. >> and let's talk about the fiscal cliff and jobs. in your time in california you worked on in the state assembly, a state hit hard by a fiscal y crisis. >> i sure did. >> i want to talk to you about something you said in terms of medicare reform and medicaid. obviously republicans are saying, look, in exchange for any type of taxes going up, we want to see some real entitlement reform. you talk about cracking down on waste,...
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fiscal cliff just making it seem like the worst in europe is behind us we'll try to answer that and it is black friday q craziness at some of the nation's big box retailers inside and out. some crazy images in the last one were actually protesters outside wall.
fiscal cliff just making it seem like the worst in europe is behind us we'll try to answer that and it is black friday q craziness at some of the nation's big box retailers inside and out. some crazy images in the last one were actually protesters outside wall.
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Nov 28, 2012
11/12
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all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. over thanksgiving, vice president joe biden took part in the annual cold turkey plunge fundraiser by jumping into the ocean. in fact the water wa
all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we...
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Nov 25, 2012
11/12
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thanksgiving gave lawmakers a quick break from the fiscal cliff conundrum. now it's time to hunker down and get back to business. >> reporter: after meeting with president obama before the thanksgiving holiday -- >> i want to welcome the congressional leadership here. >> reporter: -- congressional leaders expressed optimism to reaching a deal. >> we had a very constructive meeting with the president. to talk about america's fiscal problem. >> we have a corner stones of being able to work something out. >> reporter: staffers have been working behind the scenes to fine common ground. among the big sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it's not yet clear when lawmakers and the president will meet next. even if some progress is made this week a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline so i would be pleasantly surprised to see it, a deal emerge earlier than the end the year but we'll se
thanksgiving gave lawmakers a quick break from the fiscal cliff conundrum. now it's time to hunker down and get back to business. >> reporter: after meeting with president obama before the thanksgiving holiday -- >> i want to welcome the congressional leadership here. >> reporter: -- congressional leaders expressed optimism to reaching a deal. >> we had a very constructive meeting with the president. to talk about america's fiscal problem. >> we have a corner...
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Nov 24, 2012
11/12
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i want to read you part of speaker boehner's op-ed on fiscal cliff negotiations. if we're serious about getting our economy moving again, solving our debt, and restoring prosperity for american families we need to repeal obama care and enact commonsense step by step reforms to start with lowering the cost of health care. would democrats consider putting any part of the president's signature health care legislation on the table to negotiate? >> no. it's just not going to happen. i mean you remember last year, democrats wouldn't -- refused to budge on this issue. they're not going to do it again. president obama's out there, all campaigns saying health care is law now. now that he's in office again for a second term, there's no way this happens. it didn't happen last time. it won't happen this time. >> so then, steve, i thought he said affordable health care act was the law of the land a couple weeks ago, didn't he? >> absolutely. and this seems to be more of a bow to the conservative part of this caucus than a serious negotiating position. you know, the key part of
i want to read you part of speaker boehner's op-ed on fiscal cliff negotiations. if we're serious about getting our economy moving again, solving our debt, and restoring prosperity for american families we need to repeal obama care and enact commonsense step by step reforms to start with lowering the cost of health care. would democrats consider putting any part of the president's signature health care legislation on the table to negotiate? >> no. it's just not going to happen. i mean you...
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Nov 29, 2012
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he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where there's really no plan. everything's broken down. nobody knows where anybody is. i think that could be pretty ugly in the markets. having said tha
he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would...
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Nov 26, 2012
11/12
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35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house this morning. dan, good morning. senate goes back to work this afternoon. the house will return tomorrow. what could really be done by lame duck congress? >> well, look, the hope is that there will be some kind of compromise here, because as you pointed out most americans believe that if there is no agreement there really could be a crisis here. so you are seeing some softening from republicans who took that no tax pledge back to 1986. first it was saxby chambliss. now south carolina republican senator lindsey graham. take a listen. >> when
35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house...
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Nov 21, 2012
11/12
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. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. >>> welcome back to the second with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] good choice business pro. good choice. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back
. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. >>> welcome back to the second with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the...
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Nov 26, 2012
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we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will get done. >> let's talk about grover norquist for just a bit, paul. so most americans want taxes raised on the wealthiest americans. we just saw your poll there that 45% of americans would blame republicans if there's no compromise reached to avoid this fiscal cliff. so why is grover norquist still so powerful? why does any republican care? >> well, this pledge has been around for 25 years. that's a long time. it stood through a lot of different crises. take, for instance, saxby chambliss and lindsey graham. both up for re-election in
we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will...
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the n word to the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers document being the last stop you and me the lands damn good many children have become prizes to find why does the long threaten families of the social for reducing the theme of they have right of the whole minimal me facing but they have any kind of for suspicion about the world will feel for your children are often just better at bringing up kids than their own mum and dad. using what we have an industry that is so. close and try to pull the lever for true too. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know if people realize how involved the government still is
the n word to the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers document being the last stop you and me the lands damn good many children have...
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Nov 26, 2012
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and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul steinhauser, he is live in washington for us this morning. nice to see you, paul. so falling off the fiscal cliff means severe spending cuts and tax hikes, automatically kick in. so how worried are most americans? i understand you have some numbers for us. >> i do have more numbers from that new cnn/orc national poll. americans are concerned about how it will affect them directly. almost four in ten said if the country falls off the fiscal cliff they will be impacted a great deal. or somewhat. look at this. another four in ten say somewhat. only about
and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul...
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Nov 27, 2012
11/12
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. >>> back to the bargaining table, the fiscal cliff. many lawmakers are saying they're open to breaking their pledge. >> peter king who tried to weasle out of it i hope his wife understands that commitments last more than two years. >> that was a bit below the belt, grover. >>> the crane that collapsed in australia also owns the crane in new york that collapsed during hurricane sandy. >>> bracing for a wintry mix. know and rain moving in from the midwest. >> amazing story of survival. man using the lid of a cooler to tread water for hours after his boat capsized. >>> all that -- >> anthony for three. >> charlie rose co-hosting "cbs this morning" in the early am -- >> touchdown, carolina. >> carolina wins 30-22. >> and all that matters -- >> you and i have lived much different lives. i mean i think that is apparent. >> you are a white man. >> i am a -- >> cyber monday the biggest shopping day online ever. >> cyber monday which means i was drunk when i bought all that crap tuesday. captioning funded by cbs >>> welcome to "cbs this morning
. >>> back to the bargaining table, the fiscal cliff. many lawmakers are saying they're open to breaking their pledge. >> peter king who tried to weasle out of it i hope his wife understands that commitments last more than two years. >> that was a bit below the belt, grover. >>> the crane that collapsed in australia also owns the crane in new york that collapsed during hurricane sandy. >>> bracing for a wintry mix. know and rain moving in from the midwest....
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Nov 23, 2012
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plus, back here fighting off the fiscal cliff. what some house republicans are proposing as a way to hold back financial calamity. you're watching msnbc, the place for politics. ld truth. i have a cold... i took dayquil but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't find theraflu? try alka-seltzer plus for fast, liquid cold, and flu relief. ♪ ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call tod
plus, back here fighting off the fiscal cliff. what some house republicans are proposing as a way to hold back financial calamity. you're watching msnbc, the place for politics. ld truth. i have a cold... i took dayquil but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting...
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Nov 21, 2012
11/12
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cliff, warning policymakers, do a deal. >> uncertainty about how the fiscal cliff, the raising of the at the time limit and longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to an increased sense of caution in financial markets with adverse effects on the economy. continuing to push off difficult policy choices will only prolong and intensify these uncertainties. >> he went on to say, if we do get a plan that solves the government budget issues without hurting the economic recovery, next year could be a good one. that is so many if it. >>> the investigation of the shooting at the sikh temple is concluded. the shooter, michael page, acted alone and did not happen. he had been linked to white supremacist groups, but the fbi found no evidence to conclude he had help or was acting under any directive from them. they also said the attack was not part of any ongoing threat to the sikh community. >>> defense secretary leon panetta talked about how the american fight against al qaeda is changing. he
cliff, warning policymakers, do a deal. >> uncertainty about how the fiscal cliff, the raising of the at the time limit and longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to an increased sense of caution in financial markets with adverse effects on the economy. continuing to push off difficult policy choices will only prolong and intensify these uncertainties. >> he went on to say, if...
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Nov 21, 2012
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. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. let's say you want to get ahead how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover alev
. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our...
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the and worst of the fiscal cliff we beat that up a lot on this show so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters in word of the day and loose change turkey pays its bills to iran in gold but first your closing market numbers. and. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just the guy who cares an awful lot about you sir are a fool you know what kind of minor terror cells in your neighborhood want us to defeat terrorism be on the liberal democrats. can really sort of. you know support you to distract us from what you and i should care about because they're profit driven industry that sells a sensationalistic garbage he calls it breaking news i'm having martin and we're going to break this but it's. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know i
the and worst of the fiscal cliff we beat that up a lot on this show so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters in word of the day and loose change turkey pays its bills to iran in gold but first your closing market numbers. and. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm...
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Nov 26, 2012
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. >>> lawmakers are determined to find a way to avoid sending the country off the fiscal cliff. congress has 45 days to come to an agreement on deficit reduction and if they don't spending cuts will go into effect january 31st. both sides are willing to compromise. >>> it is my decision to put them down and violate the pledge, long story short only if democrats will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting pay for a san francisco police officer is 88,000 dollars a year. well for the san francisco 49ers there are quarterback questions all over again. it happ
. >>> lawmakers are determined to find a way to avoid sending the country off the fiscal cliff. congress has 45 days to come to an agreement on deficit reduction and if they don't spending cuts will go into effect january 31st. both sides are willing to compromise. >>> it is my decision to put them down and violate the pledge, long story short only if democrats will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise...
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Nov 28, 2012
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it's so ridiculous it makes you want to jump over the fiscal cliff. in terms of raising the debt limit again. let me put this out there. the reason for that is they don't want to go through this exercise of talking about spending cuts. >> the other part of what i was going to say many democrats want to reform entitlements as long as it doesn't hurt beneficiaries. if you are going to talk to me about tax raising. we are talking about the bush clauses, the bush taxes which are supposed to end after 9 years because they knew there would be huge deficits after that. >> this is not even serious. everybody agrees taxes are going up. taxes are going up on rich people period. the real question is how are you going to pull back on spending? we have a debt larger than our economy because of spending, specifically medicare spending. they are totally unwilling and unserious to even have the conversation. >> let's talk about that issue allen brought up. i had representative chris van hollen on here yesterday. what about slowly raising the age from the future. gett
it's so ridiculous it makes you want to jump over the fiscal cliff. in terms of raising the debt limit again. let me put this out there. the reason for that is they don't want to go through this exercise of talking about spending cuts. >> the other part of what i was going to say many democrats want to reform entitlements as long as it doesn't hurt beneficiaries. if you are going to talk to me about tax raising. we are talking about the bush clauses, the bush taxes which are supposed to...
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Nov 27, 2012
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you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan rice meeting with three of her sharpest critics today on capitol hill to explain her description of the benghazi attack. could this remove the opposition to her possible cabinet nomination? could that be pommes coming as early as this week? and i hear we have a special guest coming. n nascar's danica patrick is going from the racetrack to the virtual world of video games. danica patrick is going to be here. >> i'd like to race in her car. >> yeah, yeah. >> can you pull that off for me? >> i'll see what i can do. i'll put in a good word for
you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan...
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Nov 24, 2012
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top of the agenda, the fiscal cliff. 38 days and counting. in fact, that's how long we have until the country hits the so called fiscal cliff when automatic spending cuts go into effect. it is main focus in washington. maria cardona and amy holmes are back with me now to talk about this. saxby chambliss lashed out at grover nordqvist. nordqvist and his group are the ones that pushed that no new taxes pledge signed bay majority of republicans in congress. here's what chambliss says. i care more about my country than i do a 20-year-old pledge. he's willing to let the political consequences take care of themselves. raising taxes has been at the center of the fiscal cliff dispute. democrats demanding it. republicans saying no way. so amy, is this a sizable crack in the republican armor? >> we are seeing that the two sides are going to need to negotiate if we don't go over the fiscal cliff. i would point out that patty murray, a democratic senator from washington state says we should go over it, certainly in contrast to the rest of her party. so i
top of the agenda, the fiscal cliff. 38 days and counting. in fact, that's how long we have until the country hits the so called fiscal cliff when automatic spending cuts go into effect. it is main focus in washington. maria cardona and amy holmes are back with me now to talk about this. saxby chambliss lashed out at grover nordqvist. nordqvist and his group are the ones that pushed that no new taxes pledge signed bay majority of republicans in congress. here's what chambliss says. i care more...
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the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers docu nabby pm last stop good landing the landstar kidnapping children have become a prize used to fight for why does the law or threaten families of the social order to see the theme of the right of your home the more they feel that they have any kind of suspicion about the world both of your children are often just better at bringing up kids than their own mom and dad. from what we have an industry that is so. close and triple. the footrace true. story. to. break. the law. why you don't tell me how much you are my. primary. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the f
the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers docu nabby pm last stop good landing the landstar kidnapping children have...
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Nov 29, 2012
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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Nov 21, 2012
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. >>> who do you trust more on the fiscal cliff? ben bernanke or rush limbaugh. rush thinks he holds some cards in the looming negotiations. can congress cut out the middlemen, the drama and make a deal? we will discuss next on "now." look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry
. >>> who do you trust more on the fiscal cliff? ben bernanke or rush limbaugh. rush thinks he holds some cards in the looming negotiations. can congress cut out the middlemen, the drama and make a deal? we will discuss next on "now." look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd...
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Nov 29, 2012
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always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any
always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in...
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Nov 29, 2012
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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Nov 26, 2012
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. >>> workers are determined to avoid sending the country off the fiscal cliff. congress now has 35 taser to come to an agreement on deficit reduction. if they don't spending cuts will go into effect on january 1st and both parties say they are ready to compromise. the number of deadly crashes were up but dui arrests were actually down slightly. the chp said 31 people were killed including 6 between wednesday morning and today. many of those people were not wearing those seat belts. 224 people were arrested on suspicion of dui and that compares to 227 last year. i definitely remembered to put on a seat belt this morning. fog is a major problem in many areas, right tara? >> reporter: the fog is taking hold in oakland, vallejo, and san francisco county so definitely take your time and here is a look, fog has just settled in there and traffic is going well, westbound are those headlights as you make your way towards concord. you can barely see anything and you can make out those headlights and at the bay bridge toll a plaza where a fog advisory is in effect for this
. >>> workers are determined to avoid sending the country off the fiscal cliff. congress now has 35 taser to come to an agreement on deficit reduction. if they don't spending cuts will go into effect on january 1st and both parties say they are ready to compromise. the number of deadly crashes were up but dui arrests were actually down slightly. the chp said 31 people were killed including 6 between wednesday morning and today. many of those people were not wearing those seat belts....
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Nov 27, 2012
11/12
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the fiscal cliff. president obama is launching a new pr effort, a campaign if you will, starting with a meeting today, the white house, small business owners, tomorrow he hosts a group of middle class americans who would take a hit if those fiscal cliff tax hikes take effect. and on friday, he heads to pennsylvania, small toy factory in fact, to highlight the role middle class consumers play in this holiday shopping season. back in washington, republicans, they don't like it. they say they want to see the white house leadership and not a return to the campaign trail. but the white house spokesman insists the president is promoting a serious plan. here he was. >> here is a fact. the president has on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary, nondefense spending over a trillion dollars, that includes revenue and includes $340 billion in savings from our health care entitlement programs. >> joining me now f
the fiscal cliff. president obama is launching a new pr effort, a campaign if you will, starting with a meeting today, the white house, small business owners, tomorrow he hosts a group of middle class americans who would take a hit if those fiscal cliff tax hikes take effect. and on friday, he heads to pennsylvania, small toy factory in fact, to highlight the role middle class consumers play in this holiday shopping season. back in washington, republicans, they don't like it. they say they want...
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Nov 29, 2012
11/12
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from going over the fiscal cliff. our next guest says, there is a lot of tough talk and little action. former republican senator george lemieux of florida joins me now. thank you for coming on the show. we read your op-ed in the "wall street journal" and dow we have to talk about this. i know you have written a lot of fraud, but i want to start with this idea that there is some discussion of getting medicare reform into the fiscal cliff talks. do you think anyone is serious about that? >> well, there needs to be. medicare is the largest growth in expenditure in the federal budget. if we don't reform the way that we pay of medicare it's going to be one of the things that breaks the bank and makes us unable to meet our obligations, so we absolutely have to reform it. the legislation that i wrote back in 2010 that we passed a bipartisan support and signed by the president went after something that everything to everybody is against. gerri: let's get to that in the second. i just want to spend one more second of this idea
from going over the fiscal cliff. our next guest says, there is a lot of tough talk and little action. former republican senator george lemieux of florida joins me now. thank you for coming on the show. we read your op-ed in the "wall street journal" and dow we have to talk about this. i know you have written a lot of fraud, but i want to start with this idea that there is some discussion of getting medicare reform into the fiscal cliff talks. do you think anyone is serious about...
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Nov 27, 2012
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known as the fiscal cliff. the dow is down about 11 points. there's still a lot of worry about how these talks on coming up with a deal on the fiscal cliff, how the talks will go. carol? >> alison kosik live from the new york stock exchange. >>> representative-elect alan grayson has been standing with protesting walmart workers. when he delivered bagged meals on to see walmart on thanksgiving, walmart called the cops. we'll talk that and the ongoing protests next. and one wedding, 2 kids, 43 bottles of olay total effects many birthdays later, still looks amazing. thanks to the trusted performance of olay. do you really think brushing is enough to keep it clean? while brushing misses germs in 75% of your mouth, listerine® cleans virtually your entire mouth. so take your oral health to a whole new level. listerine®... power to your mouth™. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant ho ho ho sfx- "sounds of african drum and flute" look who's back. again? it's embarr
known as the fiscal cliff. the dow is down about 11 points. there's still a lot of worry about how these talks on coming up with a deal on the fiscal cliff, how the talks will go. carol? >> alison kosik live from the new york stock exchange. >>> representative-elect alan grayson has been standing with protesting walmart workers. when he delivered bagged meals on to see walmart on thanksgiving, walmart called the cops. we'll talk that and the ongoing protests next. and one...
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Nov 29, 2012
11/12
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and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under great leadership of the governor and legislature, who wouldn't allow, as you say, preying on the poor, it is important that we continue to talk about the lottery. that it is not an investment. i absolutely agree with that. this is a chance to have some entertainment. and in this tough economic times to dream just a little bit. so anybody who is spending too much, we'll say don't play. we don't want you to play, get help, you know somebody who is doing that. every lottery has a website and an address with how to get help. this is dis
and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under...
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Nov 26, 2012
11/12
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so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in europe and greece. almost generational lows. a lot of the risk is already been taken out.pensive markets in the world. not but 20 or 30% maybe 4%, 5% of u.s. you have to look elsewhere. liz: what are the three areas you like most? speaker in the u.s. overweight financials foreign. we're getting higher exposure to a lot of european countries. some emerging countries outside of europe, thailand turkey, that has had a particularly good momentum. a phenomenal run many index was up 15, 20, 30%. you have the perfect environment for them with high yield environment and they should do very
so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in...
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Nov 28, 2012
11/12
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focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ] i'm with scottrade. well, having a ton of locations don't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announr ] break from the holiday stress. fedex office. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached by christmas. both sides seem so far off. even among senate democrats, there are deep divisions over whether to include cuts to medicare or medicaid. intel not reform, should it be part of the fiscal cliff talks? here is wh
focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ]...
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Nov 22, 2012
11/12
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FBC
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you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone feels they should that they should be on food stamps. when you look at the costs, within about two years, texas at the federal level are going to go just to pay for entitlement programs that have no money left over to pay for all of the other programs of the government. and i find it very suspicious and interesting as you do that here we have been talking about this for the last couple of weeks and nobody is talking about reforming these things. >> here is the thing. my idea is let them out there. you have a couple of years to do damage control.
you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone...